After an increase of 24%, bitcoin shows several signs of improvement. CryptoQuant believes that this increase has shifted on-chain and demand indicators towards a bullish zone. Its Bull Score has increased in a week, while cash demand is accelerating. However, the analysis does not yet consider the cycle change to be confirmed. A technical level must be reached to validate this new phase of the market.
In brief
- CryptoQuant raises its Bull Score from 30 to 80, with eight out of ten indicators now bullish.
- $83,000 is the key threshold to cross to confirm entry into a new bull market.
- Spot and futures demand are growing simultaneously for the first time since October 2025.
- Profit-taking and deposits on platforms are reaching high levels, calling for caution.
Bitcoin finds bullish signals
CryptoQuant’s Bull Score went from 30 to 80 in one week. The index reaches its highest level since October 2025. Eight of the ten indicators show a bullish signal. This development follows the increase.
Bitcoin surpassed $80,000 during this rally. However, CryptoQuant expects a weekly close above its 365-day moving average. It is around $83,000. This crossing should confirm the transition to a new bull market.
Demand provides a favorable signal. Spot demand is accelerating, while the spot and futures markets are growing together. CryptoQuant indicates in its report that this dynamic has not been observed since October 2025. The signals are converging, but confirmation remains awaited.
The $83,000 threshold becomes central
The $83,000 level is CryptoQuant’s threshold. A close above this moving average would reinforce the hypothesis of a change in trend for bitcoin. This condition distinguishes a resumption from a confirmation.
Joel Kruger, market strategist at LMAX Group, is also watching another important level. He places this threshold at $82,820, the peak of May 2026. He has declared to Cointelegraph that :
A clear crossing of this level would confirm the idea that a significant bottom of the cycle has now been reached and direct attention towards the next major move beyond $100,000 and, ultimately, towards the 2025 record.
Joel Kruger, market strategist at LMAX Group. Source: Cointelegraph.
At the time of writing, the price of bitcoin is trading around $78,722. The course therefore remains below the two levels followed. The market therefore remains in transition between improvement and technical validation. The next fences will measure the movement.
Profit taking requires caution
CryptoQuant highlights several near-term risks. Unrealized profit margins for traders reached 20.5%, their highest level since June 2025. The company recalls that a value of 19% had preceded a drop of 30%. The price then moved around 82,000 dollars.
Major investors made around $1.2 billion in profits between August 20 and 22. On August 20, they recorded a record $614 million. The price of bitcoin was between $78,000 and $79,000. These profit takings show that some holders are benefiting from the increase.
Entries on exchange platforms remain to be monitored. They reached around 53,000 BTC, their highest level since June. This rise indicates that more coins are joining trading platforms, where they can be sold. Bitcoin maintains bullish signals, but high deposits call for caution.
BTC’s next step will depend on sustainably crossing the levels tracked by CryptoQuant and Joel Kruger. A close above $83,000 would reinforce the bullish reading. Conversely, profit taking could maintain pressure. The market is therefore awaiting technical confirmation.
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